R.E.A. Holdings plc (RE.) R.E.A. Holdings plc: Further re selling prices 10-Aug-2022 / 07:00 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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R.E.A. Holdings plc ("REA" or the "company")

Further re selling prices

Further to the company's announcement on 19 July 2022 regarding selling prices for crude palm oil ("CPO") and crude palm kernel oil ("CPKO"), the Indonesian government has published a revision of the export tariff structure and reference price calculation methodology effective from 9 August 2022.

The new structure maintains the same sliding scale of export duties, but reduces by USD70 per tonne the reference price bands at which the duties are applied. The bands now range from USD680 to USD1,430 per tonne, compared with the previous range of USD750 to USD1,500 per tonne. The previously announced one-off export levy waiver remains in place until 31 August 2022. The rates of export levy and export duty that are currently in force are as set out below.

Concurrently with this change, the methodology for calculating the reference price has been amended so that generally this will more closely reflect the Indonesian FOB price than hitherto.

In conjunction with the above, the official government notional reference price at which the tariff structure is applicable has been reduced from USD1,615 per tonne to USD872 per tonne. This means that currently export duty is levied at the rate of USD52 per tonne and no export levy is payable.

CPO reference price (9 - 31 August 2022) 
From           To    Levy Duty Total   Net price* 
USD              USD     USD    USD    USD       USD 
-              680   0    -    0       680 
681            730   0    3    3       727 
731            780   0    18   18      762 
781            830   0    33   33      797 
831            880   0    52   52      828 
881            930   0    74   74      856 
931            980   0    124  124     856 
981            1,030 0    148  148     882 
1,031          1,080 0    178  178     902 
1,081          1,130 0    201  201     929 
1,131          1,180 0    220  220     960 
1,181          1,230 0    240  240     990 
1,231          1,280 0    250  250     1,030 
1,281          1,330 0    260  260     1,070 
1,331          1,380 0    270  270     1,110 
1,381          1,430 0    280  280     1,150 
1,431          1,480 0    288  288     1,192 
*At top of band 
 

Enquiries:

R.E.A Holdings plc

Tel: 020 7436 7877

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ISIN:          GB0002349065 
Category Code: MSCM 
TIDM:          RE. 
LEI Code:      213800YXL94R94RYG150 
Sequence No.:  180277 
EQS News ID:   1416729 
 
End of Announcement  EQS News Service 
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